Utility Allowances. For rental development projects with funds committed before August 23, 2013, calculate utility allowances based on figures in the table found in the CDA Utility Allowance tab of this workbook. development CHDO Designation: HUD defines a Community Housing Development Organization (CHDO) as a private nonprofit, community-based organization that has staff with the capacity to develop affordable housing for the community it serves. In order to qualify for designation as a CHDO, the organization must meet certain requirements pertaining to their legal status, organizational structure, and capacity and experience. At least 15 percent of a PJ's annual HOME allocation must be set aside for specific activities to be undertaken by CHDOs.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement